Investing.com - Kering (EPA:PRTP) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kering announced earnings per share of €16.07 on revenue of €4.97B. Analysts polled by Investing.com anticipated EPS of €13.61 on revenue of €4.79B.
Kering shares are down 26% from the beginning of the year, still down 33.83% from its 52 week high of €798.00 set on August 13, 2021. They are under-performing the STOXX 600 which is down 12.23% from the start of the year.
Kering follows other major Consumer Discretionary sector earnings this month
Kering's report follows an earnings beat by Louis Vuitton on Tuesday, who reported EPS of €12.99 on revenue of €18.73B, compared to forecasts EPS of €11.44 on revenue of €17.59B.
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